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Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance (GRC) solutions and technology offerings to clients in the global asset management industry, has acquired Cipperman Compliance Services (CCS), an independent provider of chief compliance officer services to alternative fund managers, registered funds, wealth managers, broker-dealers, family offices, and regulated fintech companies.
Founded in 2004 and based in Wayne, Pennsylvania, CCS specialises in providing chief compliance officer services and compliance advisory across the alternatives, registered funds, and wealth management space.
CCS’s team consists of senior lawyers and compliance professionals who bring decades of real-world experience with industry
Aurelius has successfully closed the acquisition of McKesson UK, the parent company of a number of market leading healthcare businesses including LloydsPharmacy, John Bell & Croyden and AAH Pharmaceuticals.
This deal marks the fifth completed transaction in less than a year under Aurelius’ co-investment structure.
McKesson UK comprises four divisions and holds a substantial market share across each vertical: retail, digital, homecare and wholesale. McKesson UK’s success has been underpinned by its strong LloydsPharmacy brand, its loyal customer base and its leading commercial footprint across wholesale pharmaceuticals. Over recent years, the company has benefited from the introduction of additional
Novo Holdings’ portfolio company ReViral Ltd (ReViral) is to be acquired by Pfizer for up to USD525 million in total deal value.
Founded in 2011, ReViral is a London, UK and Research Triangle Park, North Carolina based privately held clinical-stage biopharmaceutical company focused on discovering, developing, and commercialising novel antiviral therapeutics that target respiratory syncytial virus (RSV).
Novo Ventures, the venture capital team at Novo Holdings, led Novo Holdings’ first investment in ReViral in July 2018 co-leading a USD55 million Series B financing.
BV Investment Partners (BV), a middle-market private equity firm focused on the tech-enabled business services, software and IT services sectors, has made a majority investment in Source Advisors, a specialty tax solutions and software provider focused on the SMB market.
Founded in 1983, Source Advisors is a market leading specialised tax solutions and software firm providing R&D Tax Credits, Cost Segregation, §179D, §45L, and LIFO inventory solutions to clients across a range of industries and geographies. The company provides a comprehensive solution suite to its customers through a combination of highly technical consulting and proprietary software tools. The company is
SaaS company Cyclr has raised GBP5.5 million in a new funding round led by Praetura Ventures and Blackfinch Ventures (Blackfinch).
Headquartered in London, Cyclr has developed an embedded integration platform (embedded iPaaS) that it sells into the software and SaaS economy. It has experienced significant growth over the past few years, expanding its team by 57 per cent in 2021, and today generates most of its revenue from international clients.
I Squared Capital has closed the ISQ Global Infrastructure Fund III at its USD15 billion legal cap, exceeding an initial target of USD12 billion.
Including commitments from I Squared Capital and a dedicated co-investment vehicle, the fund has USD15.5 billion in investable capital and received commitments from over 200 institutional investors, including public and private pensions, sovereign funds, insurance companies, asset managers and family offices in 27 countries.
I Squared Capital has targeted the deployment of approximately 36 per cent of the fund in ten investments across its targeted sectors.
Q&A with Stephen Ellis and Maya Chorengel, co-managing partners of the Rise funds at TPG – TPG Rise is largest impact fund platform in the world, with around USD13 billion AUM. Its latest fund in the climate space is due to close shortly with a hard cap of USD7 billion. How much growth does it still see in the space and what challenges still remain on impact measurement and financial performance…
SPS Group has attracted significant new investment from UK-based Pricoa Private Capital, part of Prudential Financial Inc.
In addition to supporting SPS’s exciting growth plans, the investment also provides an exit for existing private equity investor, LDC.
SPS (Specialist People Services) is a recruitment business providing critical labour solutions to the logistics market in the UK and internationally. The group encompasses the operating brands Driver Hire Nationwide, Driver Hire Australia, Driver Risk Management and ISS Labour. Annual turnover of the SPS Group is GBP170 million.
LDC first backed the management team, led by CEO Chris Chidley, in 2011
Today the Association of Investment Companies (AIC) published the amount of money raised by VCTs in the 2021/22 tax year. VCT fundraising has passed the GBP1 billion milestone for the first time in the 20/21 tax year, raising GBP1.13 billion (GBP1,133 million) to be invested in small and innovative UK companies, according to the Association of Investments Companies (AIC).
This represents a 65 per cent increase compared with the 2020/21 tax year (GBP685 million) when the pandemic had an impact on fundraising. It is a 45 per cent increase on the previous record of GBP779 million in 2005/06 when the
Baker and Bellfield, a supplier of specialist interiors solutions based in Telford, Shropshire, has secured a GBP1.5 million invoice discounting funding line through Cynergy Business Finance.
A family-owned business trading since 1993, its special processes include design engineering, metalwork, specialised joinery, and injection moulding. By investing strategically in advanced manufacturing technology, Baker and Bellfield ensures control of its products through design, manufacture, and installation.
The funding from Cynergy Business Finance will enable Baker and Bellfield to replace some of its current banking facilities with a more suitable asset based lending facility, doubling the amount of financing they have available
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